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ceiling and delaying or expanding the debt ceiling and giving lip to 9 debt ceil for another two or flee months. we will be back in the thick of things in a few minutes but today we catch our breath. >>shepard: a lot of breath capping to be done. john bussey live with us from the "wall street journal" and steve, over to you, steve. well, steve is otherwise engaged i am now told. back to evan, presidential historian and live with us from new york, the president just got back into the limousine and will come to the reviewing stand behind us. i guess this is an important day for us to remember who it is we are and what we espouse to be and send a message to the world but more than anything, isn't this good for the kids on martin luther king jr. day to have the african-american president coming for his second inauguration? there is hope for a lot of people wrapped up in this man who may not have had hope before. >> there is hope for a lot of people wrapped up in this man. the constitution talked about and referred to, he used the phrase "we the people identification and that discussion
ceiling and delaying or expanding the debt ceiling and giving lip to 9 debt ceil for another two or flee months. we will be back in the thick of things in a few minutes but today we catch our breath. >>shepard: a lot of breath capping to be done. john bussey live with us from the "wall street journal" and steve, over to you, steve. well, steve is otherwise engaged i am now told. back to evan, presidential historian and live with us from new york, the president just got back into...
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Jan 21, 2013
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debt ceiling, entitlement reform, et cetera, et cetera. right and left, republicans and democrats are diametrically opposed with their orthodoxy. democrats more moderate with republicans on certain things. republicans are more send activity that work with democrats. in the wake of the 2012 election as we look forward what is happening with the president's second term there are historical realities. the country is system of two parties and they compete hard. they compete hard for their agendas and it is not going to be an easy year. a second term is difficult one. the first year of four is really the best, some say only opportunity to pass legislation effectively. after the second year of a second term, on comes the midterm, 2014 will be a very, very important time which will determine by who is ted anated aho wi, what the republican and democratic presidential candidates look like in the back of president obama's second term and who his successor will be. something that has not happened in many years, not at all inconceivable. everyone rec
debt ceiling, entitlement reform, et cetera, et cetera. right and left, republicans and democrats are diametrically opposed with their orthodoxy. democrats more moderate with republicans on certain things. republicans are more send activity that work with democrats. in the wake of the 2012 election as we look forward what is happening with the president's second term there are historical realities. the country is system of two parties and they compete hard. they compete hard for their agendas...
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Jan 21, 2013
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they have announced to be taking a vote on the debt ceiling. so it just -- >> on wednesday. >> only gets better. >> yeah. at this point, we are in the middle of a process of governing that's going to get very hot very fast this week with the debt ceiling vote in the house and potentially a filibuster vote in the senate. the president speaking to some of those matters at least in the second inaugural. not a state of the union but had a lot of specifics in it. you are watching msnbc's live continuing coverage of president obama's second inauguration. we'll be right back. have given way to sleeping. tossing and turning where sleepless nights yield to restful sleep. and lunesta®(eszopiclone) can help you get there. like it has for so many people before. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving, or engaging in other activities while asleep, without remembering it the next day, have been reported. lunesta should not be taken together with alcohol. abnormal behaviors may include aggres
they have announced to be taking a vote on the debt ceiling. so it just -- >> on wednesday. >> only gets better. >> yeah. at this point, we are in the middle of a process of governing that's going to get very hot very fast this week with the debt ceiling vote in the house and potentially a filibuster vote in the senate. the president speaking to some of those matters at least in the second inaugural. not a state of the union but had a lot of specifics in it. you are watching...
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Jan 21, 2013
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they decided to get off the track of fighting him on raising the debt ceiling. they're still going to negotiate that path. they have to vote, look at the first daughter. reflect the public's desire. cut government spending to compromise while thinking ahead to their own political calendar and trying to push the president where they can, where they think it's appropriate. >> this is as decent a measure as how far we've come in four years ago any. everyone looking at the first daughters, saying how big they've grown in four years. >> they seemed like little girls four years ago and now they are young ladies. >> and notably out of the spotlight, which is just how their mother and dad want. sasha needed a box to stand on last time. no more. >> her older sister is strikingly tall. she moves around the corridors of school. >> and their grandmother, michelle obama's mother is there, also. we don't really get to see enough of her. >> as is her wish. everyone around me just says what a terrific president is around the white house. it makes it feel like home, makes it fee
they decided to get off the track of fighting him on raising the debt ceiling. they're still going to negotiate that path. they have to vote, look at the first daughter. reflect the public's desire. cut government spending to compromise while thinking ahead to their own political calendar and trying to push the president where they can, where they think it's appropriate. >> this is as decent a measure as how far we've come in four years ago any. everyone looking at the first daughters,...
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Jan 21, 2013
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be held wednesday to raise the debt ceiling temporarily. why would they do something like this, which might seem at first blush to be backing down. there were a couple of reasons, scott. first of all they looked at polling when they were out there at that retreat it looks like the polling that you were just talking about. it showed that americans by a pretty significant margin trust the president over house republicans when it comes to things like the deficit which is one of their signature issues. and spending and the economy. what republican leaders were trying to convey to some of their more junior members, perhaps who like the idea of really holding the white house's feet to the fire on issues like this, if we want to be seen as a governing party not just an opposition party that is constantly threatening to take the government in to a shutdown or default we are going to have to show that we are reasonable. and the fact is that they are going to hold this vote now and they still get another bite of the apple three months from now to try
be held wednesday to raise the debt ceiling temporarily. why would they do something like this, which might seem at first blush to be backing down. there were a couple of reasons, scott. first of all they looked at polling when they were out there at that retreat it looks like the polling that you were just talking about. it showed that americans by a pretty significant margin trust the president over house republicans when it comes to things like the deficit which is one of their signature...
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Jan 21, 2013
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let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> a bill that says regardless of what happens with the debt ceiling, the united states will never default on the debt, would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the mcconnell act. >> we may have just made news. >>> last week, general colin powell was here worried about a dark vein of intolerance in republican quarters. you are part of a stream of new faces in the republican party, minority faces and voices in the party that seem to stand against that. how did you respond to it? >> well, i saw that interview. i respect general powell a great deal. i was disappointed with those comments. i think he was buying into some of the partisan attacks. if you look at this last election, for example, i think the most racially divis
let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> a bill that says regardless of what happens with the debt ceiling, the united states will never default on the debt, would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the...
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Jan 21, 2013
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>> i think so, i think the debt ceiling struggle is probably a loser. the public has been convinced i think to some extent by what amounts to false information, that flows out of the white house and other quarters and throughout too much of the media, that the failure to raise the debt limit would mean an automatic default on international debt which is not true, but, nonetheless, scary. and, i think they didn't want to face that. they didn't do well the last time and have chosen a strategy to use this to get the senate, indirectly to pass a budget, which would be kind of historic, sips it has not happened in several years. and would at least shift the focus away from themselves and as for fighting on the continuing resolution to keep the government only or the sequester, it remains to be seen what strategy, actually how they'll frame all of that. i'll be interested to see that. >> chris: liz, when i talked with david plouffe he made it sound so reasonable. well, you know, republicans will have to agree to some of the cuts they were suggesting, loophole
>> i think so, i think the debt ceiling struggle is probably a loser. the public has been convinced i think to some extent by what amounts to false information, that flows out of the white house and other quarters and throughout too much of the media, that the failure to raise the debt limit would mean an automatic default on international debt which is not true, but, nonetheless, scary. and, i think they didn't want to face that. they didn't do well the last time and have chosen a...
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Jan 20, 2013
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they are folding on the debt ceiling. they are hoping the timing will be better to deal with the sequestration with the debt ceiling but that is cosmetics. john is right. the premise of your question is right. this is a party that lost its way, lost its vision, lost its approach and the president is trying --. >>gregg: the president's approval rating is 53 percent and negative 48 percent and that is almost the lowest of any second-term president in six decades. nixon did better than that. however, look at the house of representatives republicans. they are showing disapproval rating at 73 percent. >> they have been perceived at negative, out of touch positions that are not popular. >>gregg: gay rights and tax rights? >> and they fit into the demonization they are protecting the rights of the rich. >> they do not have a pro growth agenda, creating jobs, they do not have a message. >>gregg: and the republican party is out of touch according to six in ten. five in ten, they rank poor on climate change and women's issue. >> th
they are folding on the debt ceiling. they are hoping the timing will be better to deal with the sequestration with the debt ceiling but that is cosmetics. john is right. the premise of your question is right. this is a party that lost its way, lost its vision, lost its approach and the president is trying --. >>gregg: the president's approval rating is 53 percent and negative 48 percent and that is almost the lowest of any second-term president in six decades. nixon did better than that....
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do you think he'll be successful avoiding a terrible bruising battle over the debt ceiling? >> i think the president will be successful. the president won, and he won big, and people must respect that. he has the know-how, the skill, the gut to lead. he must tell people when he speak tomorrow during his inaugural that we must come together and look out for the common good and work together and be prepared to compromise. >> but that art of compromise is something we have not seen much of lately in this nation's capital on capitol hill. without a re-election campaign looming ahead, do you think the parties will be able to better work together with this this president in his second term? >> i think we all must work together with this president, not just democrat, not just liberals, but republicans and conservatives. if people fail to come together and work together the republican party will be a party of the past. >> tomorrow is a big day, a great day. a man you called your brother would have been 84. what is his legacy today? how will you read that? >> well, it's a different d
do you think he'll be successful avoiding a terrible bruising battle over the debt ceiling? >> i think the president will be successful. the president won, and he won big, and people must respect that. he has the know-how, the skill, the gut to lead. he must tell people when he speak tomorrow during his inaugural that we must come together and look out for the common good and work together and be prepared to compromise. >> but that art of compromise is something we have not seen...
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he is know chummy with the republicans on the hill after the debt ceiling negotiation. for that reason and other, his looming confirmation hearing could be bumpy. but if confirmed, lew will likely be dealing with the top issue in this second term, how to get the economy moving and addressing the count re's long-term fiscal problems. >> this is a president that is forced to grapple to the tenor of our times with the budget woes, with the economy that can't get over the hump. it's going to consume most of his time, i believe, in the second term. >> what he cannot do, going into this term is go from economic crisis to economic crisis. that's not leadership. what he will have to do is figure out how we address this in a broader policy way. >> health care reform cannot wait, it must not wait and won't wait another year. >> he chose kansas governor kathleen sebelius to get health care legislation done, he largely passed control over to continuing to get -- to congress to get the bill together. it became a messy process, about a 2,000-plus-page bill. >> this notion that this h
he is know chummy with the republicans on the hill after the debt ceiling negotiation. for that reason and other, his looming confirmation hearing could be bumpy. but if confirmed, lew will likely be dealing with the top issue in this second term, how to get the economy moving and addressing the count re's long-term fiscal problems. >> this is a president that is forced to grapple to the tenor of our times with the budget woes, with the economy that can't get over the hump. it's going to...
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Jan 20, 2013
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it would be great to control the debt with the debt ceiling. as you see through history, examples given it doesn't work at all. it becomes a political football, the other party not it in power, decides it's an of important thing. and president obama used to hate the debt ceilings. it's time to build something that controls the deficit properly and not arbitrary. >> brenda: toby, doesn't this basically give a blank check to washington saying we don't need a limit. at least when we have a limit we're forced to look at that number and realize how much we're borrowing. >> if that logic were true, they wouldn't have passed any of the spending stuff. first off, two countries in the world, united states and sweden who have a debt ceiling. people got rid of it, because what jonas is saying, it's political. and the second issue is, i don't want our economy held hostage and run by washington, right now, the buffoons in congress have more power over the economy with the, you know, stupid idea. if we give them this type of power we've hurt ourselves, kick
it would be great to control the debt with the debt ceiling. as you see through history, examples given it doesn't work at all. it becomes a political football, the other party not it in power, decides it's an of important thing. and president obama used to hate the debt ceilings. it's time to build something that controls the deficit properly and not arbitrary. >> brenda: toby, doesn't this basically give a blank check to washington saying we don't need a limit. at least when we have a...
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Jan 20, 2013
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caller tell why does it cost so much for an inauguration when the debt ceiling is so high? why not take those donations and put it towards the debt? guest: de $100 million or so that will be paid by the federal government, when you see the inauguration on television, you are not seeing a lot of that security. these professionals are prepared for all sorts of things to happen. metro in washington, d.c., will be running at rush-hour levels. all of this infrastructure needs to be constructed. host: a question about the money that people give, when you're asked how they could give money to organizing for action. will they be accepting donations? what will the money be used for? guest: they will take the donations and they said how it will be used to organize grass- roots democratic priorities. gun control is a great example. host: we will talk for a moment as the president's motorcade had for the national sert -- the national cemetery. the motorcade makes its way past the hour camera here. -- passed our camera here. >> you can leave your stuff right here. >> ok, do not worry. h
caller tell why does it cost so much for an inauguration when the debt ceiling is so high? why not take those donations and put it towards the debt? guest: de $100 million or so that will be paid by the federal government, when you see the inauguration on television, you are not seeing a lot of that security. these professionals are prepared for all sorts of things to happen. metro in washington, d.c., will be running at rush-hour levels. all of this infrastructure needs to be constructed....
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how are we going to see this ludicrous, childish behavior we saw over the debt ceiling argument, for example, come to an end and people get into a room and getting stuff done. that's the key thing, i think, for his second term. >> jamal alluded to a new strategy at the white house, which is going to be to go around congress and go directly to the american people. the white house believes the reason they got a deal in the 12th hour is because they went to the american people and the american people said by god, get something done. >> are they right? >> look, it did work. boehner has also indicated he's not going to deal with the president one-on-one. they're going to go through the regular order. the senate is going to have to do something, the house is going to have to do something. they're going to meet in conference and send it to the presidency. i think the president's legacy to go big, to get a grand bargain, to have long-term economic growth but also to have a legacy of fiscal sustainability could be his major legacy piece. and i think even though he wants to do guns, even thoug
how are we going to see this ludicrous, childish behavior we saw over the debt ceiling argument, for example, come to an end and people get into a room and getting stuff done. that's the key thing, i think, for his second term. >> jamal alluded to a new strategy at the white house, which is going to be to go around congress and go directly to the american people. the white house believes the reason they got a deal in the 12th hour is because they went to the american people and the...
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>> he already said he doesn't think anything should be tied to the debt ceiling. it's something you shouldn't play with the full faith and credit of the united states. what is interesting about this, coming out of the republican retreat that just occurred, there are some republicans within the republican house, republican caucus who actually agree with him on the sense that you don't play with the debt ceiling as the point to which to make cuts. there are other issues coming up like the continuing resolution and sequester cuts where they would like to make their last stand there for cutting getting spending cuts and allow on temporary extension without not much attached to it. >> heather: let's talk about the economy. the president starts his new term. less than 1% rate it as excellent. 9% say it's good shape. that is up a touch from his first inauguration but 91% of voters say economic conditions negatively today. why are we here again? >> you have to wonder. i point you back to november the conditions haven't changed all that much in two months. i would imagine
>> he already said he doesn't think anything should be tied to the debt ceiling. it's something you shouldn't play with the full faith and credit of the united states. what is interesting about this, coming out of the republican retreat that just occurred, there are some republicans within the republican house, republican caucus who actually agree with him on the sense that you don't play with the debt ceiling as the point to which to make cuts. there are other issues coming up like the...
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. >> we're going to change to debt ceiling now. white house leader eric cantor says the gop -- they're going to give them a three-month reprieve, they're going to temporarily approve a debt limit increase. the president said no negotiating on the debt limit ceiling. is this a victory for the president or do you see this as just a postponing of the inevitable standoff? >> it's both. it is a victory for the president, the republicans have been saying, we're not going to raise the debt ceiling unless we have every dollar of the debt ceiling goes to spending of that same amount. they've conceded they're going to extend the debt ceiling without any cuts. but that moves us to now where government funding expires on march 31th. at that point, we'll have a s w showdown in which republicans insist on spending cuts. there will still be some kind of fight. we will have a clock to some kind of catastrophic event that could happen, like we had in december. but it would not be with the debt ceiling. the republicans seem to have conceded to the o
. >> we're going to change to debt ceiling now. white house leader eric cantor says the gop -- they're going to give them a three-month reprieve, they're going to temporarily approve a debt limit increase. the president said no negotiating on the debt limit ceiling. is this a victory for the president or do you see this as just a postponing of the inevitable standoff? >> it's both. it is a victory for the president, the republicans have been saying, we're not going to raise the debt...
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Jan 19, 2013
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ceiling, and it looks like they are going to be willing to extend the debt ceiling for three months with which is the cover of the new york times this morning, and what is that about? what is happening? >> well, it seems they are trying to line up their opposition to the president, this debt ceiling trying to line it up with two other big economic situations that we are going to be faced, that is to continue resolution that we common call the c.r. to keep the government running which expires the first of march. and then of course, we have the so-called, i don't know what to call it, but it is not the cliff, but it is not what i would call it. >> the curb. >> yes, the curb beginning to kick in, and we need to work with that and i think that they are trying to line it up to camouflage whatever they may do, which i think will be to vote to let the debt ceiling go up. >> okay. so i should not see this as we say in the black church, a "come to jesus" moment, but in washington they say we are outmanned on this, so we will have to give the president his way, because the wind of public opin
ceiling, and it looks like they are going to be willing to extend the debt ceiling for three months with which is the cover of the new york times this morning, and what is that about? what is happening? >> well, it seems they are trying to line up their opposition to the president, this debt ceiling trying to line it up with two other big economic situations that we are going to be faced, that is to continue resolution that we common call the c.r. to keep the government running which...
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we're three-month pass of the debt ceiling. i want to see where you want things prioritized and the conversation to go in the next three months now that we've bought time away from the ticking clock again right after this break. it's not for colds. it's not for pain. it's just for sleep. because sleep is a beautiful thing™. ♪ zzzquil™. the non-habit forming sleep-aid from the makers of nyquil®. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums >>> all right. the big conversation in washington, i think basically since mid 2011 wh
we're three-month pass of the debt ceiling. i want to see where you want things prioritized and the conversation to go in the next three months now that we've bought time away from the ticking clock again right after this break. it's not for colds. it's not for pain. it's just for sleep. because sleep is a beautiful thing™. ♪ zzzquil™. the non-habit forming sleep-aid from the makers of nyquil®. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was...
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on the debt ceiling. not again. and today after months of insisting that the president really did have to negotiate with them on that, republicans in congress gave up. david corn "showdown," the stand off the president faced with republicans. david, thanks for being here. >> good evening, rachel. >> eric cantor says, yeah, we're going to give up, but only for three months. what did you make of that? >> i'm the last guy who wants to cause a spike in the vix, but, you know, there are a couple of things to think about here. i call this plan r for run away. but we know that john boehner often has had trouble with his various plans. plan b most notoriously, getting them approved, accepted and passed by his own house republicans. and cantor made a very declarative statement today. we're going to bring this to a vote, and when you do that, usually you think you have the votes, but immediately there were grumblings that some house republicans will go along with this i'm not sure that democrats will, too. so it remains to be
on the debt ceiling. not again. and today after months of insisting that the president really did have to negotiate with them on that, republicans in congress gave up. david corn "showdown," the stand off the president faced with republicans. david, thanks for being here. >> good evening, rachel. >> eric cantor says, yeah, we're going to give up, but only for three months. what did you make of that? >> i'm the last guy who wants to cause a spike in the vix, but, you...
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we have already spent that money so you have to raise the debt ceiling. some people say stop the madness. whever the repercussions are stop it, cap it now. if we have to default we will. maybe we can skirt default somehow. seem like majority of respondents feel that way. >> 83% say spending is out of control. of that wonder i wonder how many have idea how big the debt is 16. it doesn't matter in absolute dollars this is the biggest debt that's ever existed and our credited rating has been down graded as a result of it? >> i remember as a kid i don't know elementary school or junior high when bewere talking about the debt it was something like 4 trillion. and our teachers asked us to wrap our heads around that number. try wrapping your head around 16 trillion. i just can't imagine. to pay that down how many years that would take. even with being smart with government spending. >> it's larger than our entire economy just to put it in some scale here. >> that's a problem. yeah. i remember when i was a kid going to the gas station and thinking wow why the tim
we have already spent that money so you have to raise the debt ceiling. some people say stop the madness. whever the repercussions are stop it, cap it now. if we have to default we will. maybe we can skirt default somehow. seem like majority of respondents feel that way. >> 83% say spending is out of control. of that wonder i wonder how many have idea how big the debt is 16. it doesn't matter in absolute dollars this is the biggest debt that's ever existed and our credited rating has been...
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Jan 19, 2013
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president obama warned republicans about taking the debt ceiling hostage. it looks like they heard the message. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is rung short. >> republicans made their choice during a gop retreat in williamsburg, virginia. house majority leader eric cantore reportedly has plans for three months. in a statement the white house responding, saying, we are encouraged. there are signs congressional republicans may back off their insistence on holding our economy hostage to extract drastic cuts in medicare, education and programs middle class families depend on. the temporary nature of the increase is somewhat troubling. a white house official told nbc news it's a terrible way to run the country. but the aide gave no indication president obama would veto a temporary extension if this is how congressional republicans want to govern, so be it. they already have an approval rat
president obama warned republicans about taking the debt ceiling hostage. it looks like they heard the message. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is rung short. >> republicans made their choice during a gop retreat in williamsburg, virginia. house majority leader eric cantore reportedly has plans for three...
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Jan 18, 2013
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ceiling conversation, it's important to remember, this is not solving the debate over whether the debt ceiling should be a debate. this is putting off the debate of whether the debt ceiling should be a debate. >> we're told in response to this report coming out of the white house, one white house official said it is a terrible way to run the country. when asked if the president would veto a short-term extension, the official would not say yes or no, but reiing rated the president's opposition to creating a series of self-imposed crisis. that from kristen welker at the white house. this is putting the onus off the back of the house republicans. this is a big result coming out of they are retreat in williamsburg where paul ryan and others were basically indicating that they can't win this battle. >> the president's press conference, the ball in your court press conference, this is the republicans hitting the ball back over the met saying it's now in your court. we should see. can i make one other quick note? i want a whole andrea mitchell reports on old andrea mitchell footage of preside
ceiling conversation, it's important to remember, this is not solving the debate over whether the debt ceiling should be a debate. this is putting off the debate of whether the debt ceiling should be a debate. >> we're told in response to this report coming out of the white house, one white house official said it is a terrible way to run the country. when asked if the president would veto a short-term extension, the official would not say yes or no, but reiing rated the president's...
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Jan 18, 2013
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that of course is bumping against and going through the debt ceiling. you know, when the president had his press conference discussing this i always like a good food analogy. his analogy was of course by not raising the debt ceiling we're not paying for the food we've eaten. basically at this big dinner we're at. i like it. let me give it a little slant my style. that is, it's not really a restaurant but an all you can eat buffet. there is no bill coming. the senate and house haven't passed a budget together in years. we have a revolving credit, a tab at this all you can eat buffet and nobody wants to get up. it is not like there is a clock where boom. here is your bill. we'll start the next 24 hours like your charting machines. nobody is ever getting up. it's just a meal that never ends. so how do you in essence stop the eating, stop the debt that is created by running up the tab? well, it seems easy enough but of course it gets messy and the politics are different than the principles involved. the house republicans seem to have finally figured that ou
that of course is bumping against and going through the debt ceiling. you know, when the president had his press conference discussing this i always like a good food analogy. his analogy was of course by not raising the debt ceiling we're not paying for the food we've eaten. basically at this big dinner we're at. i like it. let me give it a little slant my style. that is, it's not really a restaurant but an all you can eat buffet. there is no bill coming. the senate and house haven't passed a...
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Jan 18, 2013
01/13
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ceiling. the piece points out by mid february or early march the united states could face an unprecedented default unless it raises the debt ceiling. that was from tim geithner. further into the body of the "new york times" story i want to is share with you some of the numbers "the new york times" points out today. that could happen as early as february 15, if that happens by february 15 or early march, according to the by partisan policy center in analysis of what the government expects is $8 billion in revenue that day but it has $52 billion in spending that day, $6.8 billion in tax refunds, $3.5 in federal salaries, and $1.5 ode to military contractors and other commitments. consider again that day on february 15 f that is the day we reach the limit, the country would not have enough money to pay the bond holders let alone anyone else, more over analysts have raced questions about whether the treasury would be able to reprogram the ought mated payment system to prioritize some payments over
ceiling. the piece points out by mid february or early march the united states could face an unprecedented default unless it raises the debt ceiling. that was from tim geithner. further into the body of the "new york times" story i want to is share with you some of the numbers "the new york times" points out today. that could happen as early as february 15, if that happens by february 15 or early march, according to the by partisan policy center in analysis of what the...